Merger and Acquisition #14: Isilon Systems Inc.
The last and number 14 of the potential take over target for the big tech companies according to Bloomberg BusinessWeek is the $2.24 billion dollar Isilon Systems Inc.(NASDAQ:ISLN). After HP bought money-losing rival 3Par, Isilon Systems, a Network Attached Storage systems provider, has hired bankers to get buyers interest in the company. Besides HP, other company that could find Isilon Systems a nice fit are Dell and Oracle.
However the buyer turned out to be EMC, a virtual infrastructure software provider. On November 15, EMC announced a $33.85 per share take-over of Isilon and the deal is expected to be completed by the end of the year. So unless the other big tech can come up with a better offer, they'll have to hunt else where. So the BusinessWeek prediction is a little off here yet after all, a merger and acquisition still took place.
However the buyer turned out to be EMC, a virtual infrastructure software provider. On November 15, EMC announced a $33.85 per share take-over of Isilon and the deal is expected to be completed by the end of the year. So unless the other big tech can come up with a better offer, they'll have to hunt else where. So the BusinessWeek prediction is a little off here yet after all, a merger and acquisition still took place.
posted by Stock Geek at
10:21 PM
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